Drug Abuse as an Externality

In the past few months the Economist and Time Magazine have reported that there have been steps taken to develop Ketamine as an antidepressant. This drug is a schedule III controlled substance in the US that is usually used to start and maintain anesthesia. It was first produced in the 1960s for this use, but soon began to run through the “club scene” in the US, Hong Kong, and Canada as a recreational drug. In 2009 the UN’s Office on Drugs and Crime recorded 6.9 tons of Ketamine being pushed through the illegal drug market. The drug could be helpful Continue reading Drug Abuse as an Externality